The Fair Share Report
16 E 4th St
Palmyra, NJ 08065
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $229,791 – $330,952, from 12 comparable Palmyra sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Palmyra assessments sit below market value — republished every October, applied town-wide. A $283,863 home should be assessed near $154,932.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,232 below what the ratio math suggests (25.3%).
Step 4 · The tax rate — same for every Palmyra home
$2.549 Schools · 56% $0.578 County · 13% $1.461 Town · 32%
Step 5 · The bill
This home vs. every recent Palmyra sale · assessed ÷ market
30%72%
Paying about right
This home's ratio lands inside Palmyra's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 321 LECONEY AVE | 2025-11 | $157,000 | 1,224 | 68.6% |
| 407 GARFIELD AVE | 2025-09 | $300,000 | 1,268 | 44.5% |
| 126 LECONEY CIRCLE | 2025-09 | $350,000 | 1,188 | 42.6% |
| 223 TEMPLE BLVD | 2025-10 | $362,000 | 1,092 | 46.8% |
| 106 LECONEY CIRCLE | 2025-09 | $385,000 | 1,576 | 41.5% |
| 102 LECONEY CIRCLE | 2025-11 | $410,000 | 1,504 | 48.1% |
| 281 ARCH ST | 2026-01 | $415,000 | 988 | 24.6% |
| 103 W CHARLES ST | 2025-07 | $290,000 | 1,120 | 54.1% |
| 202 QUAY COURT | 2025-06 | $275,000 | 1,148 | 46.8% |
| 814 MORGAN AVE | 2025-08 | $320,000 | 1,296 | 37.6% |
| 4801 VESPER CIRCLE | 2025-08 | $255,000 | 1,232 | 47.9% |
| 480 W FRONT ST | 2026-02 | $255,000 | 1,312 | 44.3% |
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